|  |  |
| --- | --- |
| 2.2 | **Lessor’s Representations and Warranties**  |

  

 Lessor hereby makes the representations and warranties set out in Section 1.2 of Schedule 2 as of the date of execution of the Aircraft Lease Agreement
and as of the Delivery Date, and Lessor understands that these statements must be true, both when the Aircraft Lease Agreement is executed and on the Delivery Date. 

  




|  |  |
| --- | --- |
| 3. | CONDITIONS PRECEDENT  |

  




|  |  |
| --- | --- |
| 3.1 | **Conditions Precedent**  |

  

 Lessor need not deliver and start the leasing of the Aircraft under the Lease unless each of the Lessor Conditions Precedent is satisfied or waived in
writing by Lessor. Lessee need not accept and start the leasing of the Aircraft under the Lease unless each of the Lessee Conditions Precedent is satisfied or waived in writing by Lessee. 

  




|  |  |
| --- | --- |
| 3.2 | **Waiver**  |

  




|  |  |  |
| --- | --- | --- |
|   | (a) | If any Lessor Condition Precedent is not satisfied on or before the Delivery Date, Lessor (in its absolute discretion) may nonetheless deliver the Aircraft to Lessee and start the
leasing of the Aircraft provided Lessor either waives such Lessor Condition Precedent or Lessor and Lessee agree in writing upon the terms and timing for fulfillment of such Lessor Condition Precedent to be fulfilled after the Delivery Date,
 |

  

  


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